Business Description

Tessera Technologies Inc was founded and incorporated in the state of Delaware in 1990. The Company is a holding company with operating subsidiaries in two segments namely Intellectual Property and DigitalOptics. The Companys Intellectual Property segment is managed by Tessera Intellectual Property Corp that manufacturers and other implementers that uses its technology. The segment includes its subsidiaries, Tessera, Inc. and Invensas Corporation (Invensas). Tessera, Inc. pioneered chip-scale packaging solutions, which it licenses to companies in the semiconductor industry. Invensas develops and acquires interconnect solutions and intellectual property in areas such as mobile computing and communications, memory and data storage, and 3-D Integrated Circuit (3DIC) technologies. DigitalOptics Corporation and its subsidiaries (DOC) operate its DigitalOptics business. DOCs software solutions for mobile imaging include its FaceToolsTM, FacePowerTM, FotoSavvyTM, face beautification, red-eye removal, High Dynamic Range, panorama, and image stabilization products. DOC also seeks to monetize the DigitalOptics intellectual property portfolio and technology, through a sale, licensing or other means. DigitalOptics patent portfolio consists of assets that address image processing, MEMS and camera modules technologies. The Companys semiconductor packaging technologies has been licensed to more than 70 companies. These customers include Intel Corporation, Samsung Electronics Co. Ltd and SK hynix Inc., among others. The Company competes with other firms in acquiring patent portfolios or partnering with owners of patent portfolios. The Companys MEMS-based autofocus technology competes with autofocus technologies including traditional lens-motion-type autofocus, emerging lens-modification-type autofocus, solutions using voice coil motor technology, and also other computational-type autofocus solutions and other solutions and technologies provided by companies such as DxO Labs. Competitors in the lens actuator field include VCM manufacturers such as Mitsumi Electric Co., Ltd, Shikoh, and TDK Corporation. It also compete with internal design groups at image sensor and lens manufacturers and camera module companies such as Omnivision Technologies, Inc., Aptina Imaging Corporation, STMicroelectronics, Inc., Samsung Electronics Co, Ltd., and Toshiba Corporation.

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